Key Takeaways:
- Bitcoin’s apparent demand has fallen to its lowest level since December 2023, raising concerns over price stability.
- Whale accumulation is at its highest level since 2021, signaling that institutional investors are buying the dip.
- Bitcoin remains within its parabolic uptrend, with $80,000 as key support and $90,000–$100,000 as resistance.
Bitcoin Price Analysis: A Critical Moment for BTC?
Bitcoin (BTC) has declined over 25% in the last two months after reaching its all-time high of $110,000. This pullback coincides with a sharp drop in apparent demand, a crucial on-chain metric that often influences market sentiment.
So, what does this decline mean for Bitcoin in the coming weeks? Let’s break it down.
What is Bitcoin’s Apparent Demand and Why Does It Matter?
The Bitcoin Apparent Demand metric measures the balance between new BTC production (mining rewards) and the change in long-term holdings (BTC that hasn’t moved in over a year).
- Positive apparent demand = More BTC is being held long-term than newly mined → Bullish sign
- Negative apparent demand = New BTC production outpaces long-term holdings → Bearish sign
📉 As of March 17, Bitcoin’s 30-day apparent demand stands at -152,000 BTC, the lowest level in 27 months. Historically, negative apparent demand aligns with price corrections but often signals a bottom is near.
Key Observations:
- Sustained declines in apparent demand (2015, 2018, 2022) led to deep bear markets.
- Short-term dips (2016, 2020) were part of normal pullbacks, followed by strong recoveries.
- Bitcoin’s current drop in demand started in 2025, so it remains a short-term trend for now.
- Traders should watch for signs of demand recovery—if it fails to bounce back, Bitcoin may face further downside risks.
Bitcoin Whale Data Suggests Big Players Are Buying the Dip
Despite concerns over declining demand, Bitcoin whale holdings have surged to their highest level since March 2021.
💰 What This Means:
- Large investors are accumulating BTC, a pattern that has historically preceded major price rebounds.
- Similar whale accumulation phases in 2019 and 2020 led to Bitcoin surging past $20,000 for the first time.
- This suggests Bitcoin is in a mid-cycle accumulation phase, where smart money is positioning for the next bullish move.
Bitcoin Technical Analysis: Parabolic Uptrend Still Intact
Bitcoin remains in a strong parabolic uptrend on the weekly chart, confirming that the macro bull trend is still in play.
📊 Technical Levels to Watch:
- Support: $80,000
- Resistance: $90,000–$100,000
- Breakout Target: If BTC reclaims $90,000, a push toward $100,000 becomes likely.
- Bearish Scenario: If BTC fails to hold $80,000, deeper consolidation toward $75,000–$78,000 may occur.
Final Thoughts: Will Bitcoin’s Demand Rebound or Trigger a Bigger Drop?
While Bitcoin’s apparent demand has declined sharply, whale accumulation is rising, suggesting long-term confidence remains high. BTC’s parabolic structure is still intact, and a break above $90,000 could confirm further upside potential.
🔔 What to Watch Next:
- If Bitcoin’s apparent demand rebounds, expect a strong rally toward $90K+.
- If demand stays weak, further downside is possible, but whales accumulating could prevent a deeper crash.
- The next big move will depend on whether BTC holds $80,000 as support or faces another sell-off.
👉 Do you think Bitcoin will hold above $80K, or is another drop coming? Let us know in the comments! 🚀
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